Foreclosure and REO Appraisal in Wabash County
Properties in foreclosure and houses that have returned to the bank's holding present specific appraisal problems.
For a home in foreclosure, you may need to understand the gap between fair market and "quick disposition" worth to know your likely charge-off liability. Lundquist Appraisals & Real Estate Services has the background in both furnishing snapshots of fair market value for our mortgage originating clients, in addition to "quick sale" forecasts that take into consideration your time constraints.
Lundquist Appraisals & Real Estate Services has the experience to handle the special dynamics of a foreclosure appraisal. Contact Lundquist Appraisals & Real Estate Services for a company you can count on.
Particular challenges might be present when working with owners of houses in foreclosure. They might be disinclined to allow an inspection of the house. They may have deserted the property already and/or ignored the care of the property for some time - or worse, intentionally harmed the home.
You will be interested in a fast disposition if the property has already reverted to REO. So you need to know about and examine three values: as-is, as repaired, and "quick sale." These represent the worth of the property without any work performed, with the repairs necessary to make the property marketable at full market value appropriate with similar houses in the neighborhood, and, somewhere in between, with minor investment in repairs - selling the property quickly, most likely to someone inclined to finish the job themselves. Again, we understand your urgency and the unique situation of an REO property, as well as the special information you will need -- competing listings, market trends, and so forth. You can count on Lundquist Appraisals & Real Estate Services to take on the task of your bank owned property with expertise and professionalism. Contact us today.